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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (18594)	6/27/1999 11:17:00 AM
From: Gary Wisdom	Respond to of 99985

Tide turning? marketgauge.com

To: bobby beara who wrote (18594)	6/27/1999 1:40:00 PM
From: sean sanders	Read Replies (2) \| Respond to of 99985

Hi All, This is a chart I came up with for the DOW and my take right now what may occure ... geocities.com I see either a des traiangle or a sym triangle (right now I see more of a desc triangle). But if it is a sym triangle one would think it would continue on with what the previous direction was before the consolidation. Right now I figure the fed meeting is having an impart on what the DOW is doing and will do. Although I still am not going to try to figure out the why's as to what 'wallstreet' does with regards to news ... ie already took into account so a little bad will give a rise or, a little bad will give more of a drop ... anyways ... So I figure the DOW will either go up a healthy 600-700 points fairly quickly or it will do the opposite; also to note I dont really see 9800 as a strong support I see more of 9450 as a stronger one so if it drops I would expect it to atleast hold above that. -chart- the green line: 200 sma red line 100 sma blue line 50 sma any questions? comments? Sean

To: bobby beara who wrote (18594)	6/27/1999 2:17:00 PM
From: pater tenebrarum	Respond to of 99985

Bobby, if the AOL longs are lucky, the right shoulder of an inverse h&s is forming, with the island as the head. AOL has consistently the best money flows of all the big cap tech stocks, which is usually a good sign. however, AOL is below it's 50-dma and and all attempts to overcome the declining(now flattening) 10- and 20-dma's have failed miserably recently. i would wait for the stock to negotiate these resistance levels successfully before getting bullish on it. if the inverse h&s is to come to pass a reversal up should start on monday. i would recommend to wait for that pattern to resolve by a break of the neck-line to the upside, by which time the short term ma's would be surpassed as well, before taking a position. current levels need to hold and the h&s pattern, if it develops, must not fail. otherwise AOL must be considered to be in a full-fledged bear phase with a lot more downside to come. regards, hb

To: bobby beara who wrote (18594)	6/27/1999 2:24:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

PUT/CALL ratios are updated on the sentiment page at homestead.com regards, hb

To: bobby beara who wrote (18594)	6/27/1999 3:18:00 PM
From: pater tenebrarum	Read Replies (3) \| Respond to of 99985

Bobby, i penned an incredibly bearish piece over on the MITA thread on friday. it lists all my concerns with links to the supporting evidence. i hope it will turn out to be a great contrary indicator and cause the market to rally sharply<g>. i say this because the market has a tendency to move up every time i abandon the blow-off scenario and to move down when i re-adopt it. anyway, here it is: Message 10281724 the bears will no doubt enjoy it immensely. regards, hb